The Monetary Control Act of 1980 extended the Fed's authority to:
a. impose required-reserve ratios on all depository institutions.
b. control the discount rate.
c. control the federal funds rate.
d. all of these.
a
Economics
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Suppose the government's initial debt is $425 billion. If for the next three years the government runs deficits of $150, $125, and $200 billion, the government's total debt at the end of the three years will be
A) -$50 billion. B) $50 billion. C) $475 billion. D) $900 billion.
Economics
Assuming all excess reserves are loaned out, if the reserve ratio is 3.33 percent, the money multiplier will be equal to
A) 0.67. B) 3.33. C) 6.67. D) 30.
Economics